Volkswagen and FiatChrysler could face penalties of up to 1.83 billion euros ($2.08 billion) and 746 million euros respectively, if they fail to meet the European Union’s emissions targets set for 2021, according to AlixPartners.
High wages and low productivity are posing considerable challenges for South Korean carmakers already struggling with slowing global market sales, the chief of a local auto industry lobby said in a recent interview.
Carmakers are dreaming up futuristic electric car engine sounds to ensure that pedestrians can hear vehicles that lack audible cues like high-revving, howling combustion engines, senior executives at the 89th Geneva International Motor Show in Geneva, Switzerland, said.
Auto industry executives gathering this week for the Paris Motor Show, to be held during 4-14 October, will be rubbing shoulders with unusual company: Dozens of tech experts eager to tackle what many consider the ultimate connected device.
Global carmakers touted their latest electric and SUV models in Beijing on Wednesday, as China promises a more level playing field in the world’s largest auto market where domestic vehicles are making major inroads.
Major automakers say their joint European electric car recharging network will open its first stations this year in Germany, Austria and Norway in what the companies hope will be a big step toward mass acceptance of battery-powered cars